The Chemical Industry has today (30 January) welcomed the outcome of the House of Commons votes’ on Brexit.
Steve Elliott, Chief Executive of the Chemical Industries Association, said “Business has long been calling for certainty. While there are still different opinions, a majority of the House of Commons has now delivered a view on the sort of deal that the UK could accept. I welcome this and am pleased to see that the prospect of a no-deal outcome to our leaving the EU has significantly reduced, if not disappeared altogether. However, there is still a lot of work to do both in the UK and then with the EU. We and others will continue supporting the negotiations to get to an agreed deal."
NOTESFor further information, please contact Simon Marsh on 07951 389197 or [email protected].
- The chemical and pharmaceutical industry adds £18 billion of value to the UK economy every year from total annual turnover of £50 billion.
- In addition to gross value added, the sector also contributes to the UK economy in its position at the head of many supply chains within manufacturing and its employment of a well remunerated, high-skilled workforce. We support 500,000 jobs both directly and indirectly Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £9 billion.
- The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of over £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 billion. Aerospace is £32 billion.
- 63% of companies in the sector export what they make to the world, the highest proportion of any goods manufacturing sector in the UK economy. 60% of our exports go to the European Union and 75% of our imports and raw materials come from the European Union.
- The sector’s level of business investment is £4.3 billion, compared to automotive £2.7 billion and aerospace £2.1 billion, while the expenditure on research & development is £5.0 billion (automotive £2.7 billion and aerospace £2.1 billion).
- The products and technologies of the Chemical industry are essential parts of medicines, food & drink, telecommunications, energy-saving, I.T, clothing and much more.
- For every tonne of Greenhouse Gas (GHG) emitted, our products and technologies enable over 2 tonnes of GHG emissions savings.